Sea level rise has serious consequences for homeowners. By 2045, the slowly creeping disaster of chronic flooding could pose great threats to coastal housing markets. The Union of Concerned Scientists conducted a study on the effect that sea level will have on the East Coast and the Gulf area. Kirsten Dahl, an author of the study, stated that the loss of tax revenue from affected homes could cut the tax base of small towns by as much as 70 percent. Coastal homes are highly sought after real estate, but buying a beach house may not be the luxury it once was.